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Brady Corp. (NYSE: BRC), Milwaukee, WI, reported sales for the first quarter ended Oct. 31, 2010, were $329.6 million, an increase of 3.5 percent over the first quarter of fiscal year 2010. Profit increased 21.3 percent to $26.3 million.
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“I’m pleased with the continued improvement in our profitability and gross profit margin as a direct result of our on-going initiatives to streamline our processes and improve our profitability through various activities including those stemming from the Brady Business Performance System,” said Frank M. Jaehnert, president and CEO. “We also continue to invest in growth initiatives, especially our investment in developing new, proprietary products as well as growth though business acquisitions, both within our core markets and near-in adjacencies.”
Brady is an international manufacturer and marketer of products to identify and protect premises, products and people.